On August 30, 2023, the Indonesian government introduced the How to Get Golden Visa in Indonesia program, granting foreign nationals an opportunity to reside in the country for an extended period. Notably, Samuel Altman, the CEO of OpenAI, was the first recipient of this prestigious visa. In this article, we will delve into the details of the Golden Visa program in Indonesia, exploring the eligibility criteria, benefits, and the steps required to acquire it.

Read More: Indonesia to Launch Golden Visa for Investors This Month: Unlocking Opportunities for International Investors

The Golden Visa Program: An Overview

Samuel Altman was granted the Golden Visa due to his international reputation and the potential benefits he could bring to Indonesia. This visa offers several advantages, including enhanced security screening at airports, extended stay periods, streamlined entry and exit procedures, and the elimination of the need for a limited stay permit (ITAS). However, it’s essential to note that the Golden Visa is not available to everyone. The Immigration Directorate General at the Ministry of Law and Human Rights has emphasized that this visa is exclusively intended for qualified individuals who can contribute to the nation’s economic development.

Eligibility and Requirements

Individuals Setting Up a Local Company

To secure a five-year stay permit in Indonesia, individuals must establish a company within the country valued at US$2.5 million or approximately Rp38 billion. For those seeking a ten-year visa, the investment requirement increases to US$5 million or roughly Rp76 billion.

Corporate Investors

Corporate investors have the option to obtain a five-year visa for their directors and commissioners by investing US$25 million or around Rp380 billion. To extend the visa duration to ten years, the investment value must be doubled.

Capital Market Investors

Individual investors who do not intend to establish a company in Indonesia can still obtain a five-year Golden Visa. They can achieve this by investing in government bonds, shares of public companies, or maintaining savings or deposits worth US$350,000 or approximately Rp5.3 billion. For those aiming for a ten-year visa, the investment requirement is US$700,000 or roughly Rp10.6 billion.

Benefits of the Golden Visa

1. Extended Stay: Golden Visa holders can stay in Indonesia for a significant period, providing them ample time to explore the country and engage in business activities.
2. Enhanced Security: Enjoy the privilege of enhanced security screening at airports, ensuring a safer travel experience.
3. Streamlined Entry and Exit Procedures: Golden Visa holders can enjoy more convenient entry and exit procedures, making travel hassle-free.
4. No Limited Stay Permit (ITAS) Required: With the Golden Visa, individuals no longer need to apply for a limited stay permit (ITAS), simplifying the administrative process.

Step-by-Step Guide to Obtaining the Golden Visa

1. Determine Your Eligibility: Assess whether you meet the requirements for the Golden Visa program, depending on your investment intentions.
2. Prepare Necessary Documents: Gather all the required documents, including proof of investment and financial statements.
3. Apply for the Visa: Submit your application for the Golden Visa through the appropriate channels, ensuring all documents are accurate and complete.
4. Wait for Approval: Once your application is submitted, wait for the immigration authorities to review and approve your Golden Visa.
5. Enjoy the Benefits: Upon approval, you can start enjoying the benefits of the Golden Visa, including extended stays and enhanced security measures.

Acquiring a Golden Visa in Indonesia, like OpenAI CEO Samuel Altman, is an opportunity that offers numerous advantages to qualified individuals. By meeting the investment criteria and adhering to the application process, you can enjoy an extended stay in this vibrant and culturally rich country. Make sure to explore the various options available and embark on your journey to obtaining this prestigious visa.